Comcast Business
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| Division | |
| Industry | Telecommunications |
| Founded | August 7, 2006 |
| Headquarters | Philadelphia, PA, United States of America |
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Key people
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Bill Stemper (President) |
| Services | Internet, phone, and Ethernet |
| Owner | Comcast |
| Website | business |
Comcast Business is a subsidiary of Comcast, which, through several iterations, has handled the sales, marketing, and delivery of internet, phone, and cable television to businesses (in contrast, consumer services are primarily offered under the brand Xfinity). In 2012, Comcast Business grew by 34%, the fastest growth of any of Comcast's products in 2012, reaching $2.4 billion in revenue. In 2013, Comcast Business generated $3.2 billion in revenue, an increase of 26% over 2012 revenue.
On Dec 3, 1997, Comcast's subsidiary, Comcast Commercial Online Communications Inc., launched the Comcast Commercial Internet Service, offering internet services to businesses through a cable modem, with data sent over the @Home Network. On Jan 24, 2000, Comcast Commercial Online announced a partnership with click2send.com(TM), Inc. The stock of the @Home Network collapsed during the mid 2000 dot-com bubble, bankrupting @Home, and Comcast moved subscribers to their own network instead of selling though a third party.
In January 1998, Comcast acquired GlobalCom Telecommunications Inc, re-branding it Comcast Telecommunications, Inc.. As of 1998, Comcast Telecommunications offered Businesses phone service of several kinds, and worked with Comcast Commercial to sell internet services.
Following the burst of the dot com bubble, Comcast launched Comcast Business Communications LLC, folding three smaller business subsidiaries into the company, and offering Comcast Commercial Internet Service 2.0. On September 14, 2000, Comcast Business Communications received a $6.5 million grant from the New Jersey Business Employment Incentive program, through the New Jersey Economic Development Authority. Comcast Business Communications is based in Moorestown, New Jersey. In 2001, Comcast had launched Comcast Business Communications in Baltimore, and planned to spend about $250 million to launch CBC into a total of eight markets. After about year as the vice president of CBC, Comcast named Bill M. Keane the president of CBC on March 29, 2001. By December 2002, he had left Comcast for Cavalier Telephone.
On August 7, 2006, Bill Stemper was named president of Comcast Business Services, taking over management of existing business products. The division initially focused on expanding on small business offerings.
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